LL Flooring Liquidates After Failing to Find a Buyer Amid Store Closures

Wednesday, 4 September 2024, 14:51

LL Flooring is liquidating after failing to find a buyer following Chapter 11 bankruptcy protection. The company will close 94 stores and lay off about 2,000 workers.
CBS News
LL Flooring Liquidates After Failing to Find a Buyer Amid Store Closures

LL Flooring Files for Chapter 11 Bankruptcy

LL Flooring, formerly known as Lumber Liquidators, is liquidating after failing to secure a buyer. The flooring company filed for Chapter 11 bankruptcy protection last month, stating that it was in negotiations with multiple interested parties. Unfortunately, these talks did not yield any offers, leading to the decision to wind down its operations.

Store Closures and Job Losses

As part of its liquidation process, LL Flooring will close 94 stores across the U.S. This decision impacts approximately 2,000 employees who are set to lose their jobs. The company originally launched in Stoughton, Mass., in 1994 under its former name, Lumber Liquidators.

Remaining Locations

  • Closing sales will be held at roughly 200 retail locations.
  • Operations will be shut down over the next 12 weeks.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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